About Proxsys
Proxsys is a company based in Birmingham (United States) founded in 2004 was acquired by athenahealth in July 2011.. Proxsys has raised $1.5 million across 1 funding round from investors including athenahealth and Clayton Associates. The company has 121 employees as of December 31, 2021. Proxsys operates in a competitive market with competitors including Ultramed, MedCircuit, FirstHx, HealthAsyst and PatientLink, among others.
- Headquarter Birmingham, United States
- Employees 121 as on 31 Dec, 2021
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Proxsys, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Series A
Apr 30, 2008
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Investors
athenahealth
& 1 more
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Employee Count
121
as on Dec 31, 2021
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Acquired by
athenahealth
(Jul 21, 2011)
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Funding Insights of Proxsys
Proxsys has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.5 million completed in April 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $1.5M
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First Round
First Round
(30 Apr 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2008 | Amount | Series A - Proxsys | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Proxsys
Proxsys has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include athenahealth and Clayton Associates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC investments are handled by the McWhorter family office.
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Founded Year | Domain | Location | |
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Cloud-based administrative tools for healthcare providers are offered.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Proxsys
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Proxsys
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proxsys Comparisons
Competitors of Proxsys
Proxsys operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ultramed, MedCircuit, FirstHx, HealthAsyst and PatientLink, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Suite solutions for preoperative assessment and pre-procedure assessment
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| domain | founded_year | HQ Location |
An AI-based software solution for securely collecting and managing patient medical information.
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| domain | founded_year | HQ Location |
Clinical workflow optimization solutions for healthcare are provided.
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| domain | founded_year | HQ Location |
Provides digital tools for patient intake, payments, and healthcare workflows.
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| domain | founded_year | HQ Location |
Allow the patient to pre-fill certain information which will become part of the EMR as discrete structured data.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Proxsys
When was Proxsys founded?
Proxsys was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Where is Proxsys located?
Proxsys is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Is Proxsys a funded company?
Proxsys is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Series A of $1.5M, raised on Apr 30, 2008.
How many employees does Proxsys have?
As of Dec 31, 2021, the latest employee count at Proxsys is 121.
What does Proxsys do?
Proxsys was founded in 2004 in Birmingham, United States, within the healthcare technology sector. Web-based software is utilized to gather patient details and arrange inpatient and outpatient procedures. Patient information is shared with care points, insurance providers, and individuals involved. Secure digital archiving for records is maintained, with all data transfers ensured to meet HIPAA standards. Operations focus on streamlining admissions for medical organizations.
Who are the top competitors of Proxsys?
Proxsys's top competitors include FirstHx, Ultramed and Simple Admit.
Who are Proxsys's investors?
Proxsys has 2 investors. Key investors include athenahealth, and Clayton Associates.